138 E Spicer Avenue

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138 E Spicer Avenue

Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel located at 138 E Spicer Avenue in Wildwood.
  • The property is situated within the active Cape May County region.
  • The site represents an opportunity for new residential development projects.
  • Positioned in a coastal submarket with consistent seasonal housing demand.
  • Zoned for residential use according to local municipal guidelines.

What's Special

Situated at 138 E Spicer Avenue in Wildwood, New Jersey, this residential land parcel provides a development prospect in a well-established coastal community. Wildwood serves as a prominent destination within the Cape May County region, characterized by its seasonal tourism economy and accessible shoreline environment. The location offers proximity to regional transportation routes that facilitate connectivity throughout the South Jersey peninsula. This plot provides space for the construction of a residential project tailored to the density requirements of the immediate neighborhood. Given the ongoing interest in housing inventory within the Wildwood submarket, developers may find this site suitable for single-family or multi-family construction projects intended for seasonal rentals or full-time residency. The property is positioned within a established residential corridor, allowing for integration into the existing local infrastructure and community framework.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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